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Guidance for deliberative monetary valuation studies

Guidance for deliberative monetary valuation studies
Guidance for deliberative monetary valuation studies
There is growing demand for more pluralistic valuation approaches, for which Deliberative Monetary Valuation (DMV) is suitable. Guidance is needed for valid and reliable DMV application, as exists for conventional willingness to pay studies using stated preference methods. The purpose of this paper is to develop a set of minimal requirements for study design and reporting aimed at DMV practitioners, based on the existing DMV literature as well as related social science literatures. The core contribution of our paper is the practical recommendations for DMV study design focusing on the deliberation process and elicitation format, analysis of the deliberation and willingness to pay results, and validity. We summarise reporting requirements for reliability, before offering conclusions and suggestions for promising future research directions.
267-323
Schaafsma, Marije
937ac629-0fa2-4a11-bdf7-c3688405467d
Bartkowski, Bartosz
a7167bd4-0909-4e6c-b9fa-078a5cef7ba2
Lienhoop, Nele
88e1e71c-275d-4bc9-9437-a100d67c515d
Schaafsma, Marije
937ac629-0fa2-4a11-bdf7-c3688405467d
Bartkowski, Bartosz
a7167bd4-0909-4e6c-b9fa-078a5cef7ba2
Lienhoop, Nele
88e1e71c-275d-4bc9-9437-a100d67c515d

Schaafsma, Marije, Bartkowski, Bartosz and Lienhoop, Nele (2018) Guidance for deliberative monetary valuation studies. International Review of Environmental and Resource Economics, 12 (2-3), 267-323. (doi:10.1561/101.00000103).

Record type: Article

Abstract

There is growing demand for more pluralistic valuation approaches, for which Deliberative Monetary Valuation (DMV) is suitable. Guidance is needed for valid and reliable DMV application, as exists for conventional willingness to pay studies using stated preference methods. The purpose of this paper is to develop a set of minimal requirements for study design and reporting aimed at DMV practitioners, based on the existing DMV literature as well as related social science literatures. The core contribution of our paper is the practical recommendations for DMV study design focusing on the deliberation process and elicitation format, analysis of the deliberation and willingness to pay results, and validity. We summarise reporting requirements for reliability, before offering conclusions and suggestions for promising future research directions.

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Schaafsma et al 2018 IRERE
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Published date: 28 November 2018

Identifiers

Local EPrints ID: 428588
URI: http://eprints.soton.ac.uk/id/eprint/428588
PURE UUID: 96d1f5fb-8ab4-4c40-8988-62fd59dc6167
ORCID for Marije Schaafsma: ORCID iD orcid.org/0000-0003-0878-069X

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Date deposited: 01 Mar 2019 17:30
Last modified: 26 Nov 2021 03:03

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Contributors

Author: Bartosz Bartkowski
Author: Nele Lienhoop

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